NEW DELHI (Commodity Online): India Post has launched gold coins with India Post logo for sale to the customers across India. The gold coins will be of the denomination 0.5 g, 1 g, 5 g and 8 g of 24 carat with 99.99 % purity. Apart from enhancing the revenue of the Department, this will enable India Posts to usher in a new image of India Post as a modern and relevant organization to the public in all areas of life.
The gold coins are manufactured by Valcambi, Switzerland and have the benefits of internationally recognized certification, quality packaging, and product standardization and assayer certificate. This facility is available in 466 Post offices across India and this will be extended soon to 700 Post offices.
Considering the introduction of new coins with India Post logo, India Posts is organizing a special campaign for one month until May 31, 2010 and during this period; the gold coins are sold with a special offer of 6 % discount. Akshay Tritiya festival falls on Sunday the 16th May 2010 and India Posts expects that during the campaign period, the sale of gold coins will increase manifold.
India Post in association with World Gold Council and Reliance Money Infrastructure Limited commenced the sale of Gold Coins manufactured by Valcambi (Switzerland) initially at 200 Post Offices across the country in October 2008.